The validity of the authorization and issuance of the refunding bonds shall not be dependent on or affected in any way by proceedings taken for the improving of any enterprise for the refinancing and improving of which the refunding bonds are to be issued or by contracts made in connection with the improving of any such enterprise. Any resolution authorizing refunding bonds may provide that any such refunding bond may contain a recital that such refunding bond is issued pursuant to this chapter and any refunding bond containing such recital under authority of any such resolution shall be conclusively deemed to be valid and to have been issued in conformity with the provisions of this chapter.
S.C. Code Ann. § 6-17-140
Effect on validity of bonds of proceedings or contracts for improving enterprise; effect of recital in resolution
Known as the The Revenue Bond Refinancing Act
The act spans §§ 6–6 (33 sections).
1962 Code SECTION 59-664; 1952 Code SECTION 59-664; 1942 Code SECTION 9291; 1937 (40) 313.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.